Danone Launches €500 Million Bond Issue

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Danone Launches €500 Million Bond Issue

Danone Launches €500 Million Bond Issue
June 25
14:07 2013
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Danone has successfully launched a Eur500 million 10-year bond issue in euros. Funds raised will enable Danone to diversify its sources of finance and extend the maturity of its debt at favorable market conditions.

The €500 million bond, priced at mid swap +63 basis points, pays a coupon of 2.60%, and was widely subscribed by a diversified investor base. The bonds will be listed on Euronext Paris. Danone is rated A- stable by Standard & Poor’s and A3 stable by Moody’s.

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